Where Bitcoin's
transaction speeds average 7
transactions per second, new blockchain - based currencies are already approaching thousands of
transactions per second; Bitshares claims they can process 100,000
per second.In fact, a newspaper in Winnipeg, Canada, has already begun to use a micropayment system to charge
per article for its news content and projects earning
over $ 100,000 in digital revenue.Blockchain could tilt the balance of power towards individuals, not publishing powerhouses.As mentioned previously, YouTube and Medium have dramatically increased content creators» access to audiences and established a
more democratic, popularity - based promotional scheme.